Nurse Faculty Higher Education Act - Amends the Higher Education Act of 1965 to allow the Secretary of Education to award grants to, and enter into contracts and cooperative agreements with, partnerships composed of an accredited school of nursing at an institution of higher education and a hospital or other health facility to establish pilot projects to enable such a facility to retain its staff of experienced nurses while providing a mechanism to have these individuals become faculty members of such a school. Requires such individuals to teach for two years for each year of support received under the program.